On the market for 562 days, Penthouse 1 at the Continuum I South Tower just closed today for $9.9M. This direct oceanfront residence, originally listed for sale in March 2007 for $25M, like everything in the market place, was reduced. In December 2007 it was offered for $21M. Asking price at the time of sale was $14.95M. The seller paid $7M for the property in 2003, when the Continuum I, the first beachfront condominium in South Beach’s South of Fifth neighborhood, was completed.
Property Highlights
- Tri-level unit
- 5 bed
- 7 1/2 bath
- 7,734 SF (under air)
- 13′ ceilings
- Private elevator
- Private rooftop pool
- 4 parking spaces